Tex. Bus. Org. Code § 200.162

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 200.162 - Preemption of Liability

The liability of a holder, beneficial owner, or subscriber of shares of a real estate investment trust for an obligation that is limited by Section 200.161 is exclusive and preempts any other liability imposed for that obligation under common law or otherwise.

Tex. Bus. Org. Code § 200.162

Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. 1/1/2006.